Blockchain is Shifting Data and Risk: Here’s How it Can Benefit Your Bottom Line

François Masquelier discusses blockchain, asking what the consequences and implications be, who will use these applications and who will provide the legal framework to govern the blockchain solutions.

In the world of global philanthropy, financial transparency is the holy grail. When Pathfinder International heard about a solution that would allow tracking of donor funds from initial receipt down to in-country usage at the click of a button, it was a no-brainer.

If we want to believe the hype then the treasurer’s days are numbered and we are all to be replaced by faceless, super-efficient and infallible machines producing copious and flawless results. But how much of this is true? Are treasurers slowly but surely becoming redundant?

GN Group explain how their treasury department strives constantly to enhance productivity and add value to the group, describing how it is leveraging new technology to deliver greater efficiency, address changing risks, enable centralisation and provide a platform for growth.

GPS Food Group recently participated in a successful pilot of the we.trade blockchain platform, a collaboration between HSBC and eight consortium banks.